In Search of a system that need no chart no TA/FA

[karthik_sri]

For Gap Up or Down,Reference is closing price of yesday last 5min candle or High or Low of that candle.

High/Low of that candle...means high low of 3.30pm candle. If u refer to my chart which i have posted earlier u can see the marking of red & green.

 

[karthik_sri]

dear karthik
thanks again for another simple intraday strategy
eagerly waiting for charts
before that just a little doubt
on friday rel capital,the last 5 min candle shows the H,L, as 375.75,374.25
whereas the actual closing price is 379.6
so what reading for t he last candle are to be taken
thanks

Dear Gurmy,
Please see only the High/Low of 3.30pm candle we dont have to consider the closing price as the condition is that the next day first five min candle should not touch either the high/low of the previous day 5 min candle.

I will come back with some charts to explain in detail...

Karthik

 

[kcsusha]

I made one observation which I would like to share for members. On 19/11/2012,
ATP was 5584. On 20/11/2012, it was gap-up opening ( nearly 20 points ) and the
ATP for tosay was around 5599. So the price was hovering below 5599 and subsequently
broken yesterday's ATP, but subsequently recovered. We could have got around
10 points on Price breaking yesterday's ATP. What I mean to say is that for gap-up
openings, we can keep yesterday's as also today's ATP as base. Same can be applied for gap-down opening also.

 

[karthik_sri]

I have attached chart of 03.08.12 (SBIN-I)

1). Entry : Gap down - (marked in Green/Red)
2). Short sell @ 9:20 am candle low 1992.30
3). Target : Rs.5/- (min) achieved (made low of 1978)
4). SL : Low of 15:30 candle of 02.08.12 which is 2018.75

http://i.imgur.com/ADPoG.png

Karthik

 

[karthik_sri]

How to Trade when SL hit (in GAP Strategy):

I have used TATAMOTORS-I (25.05.12) to explain the strategy.

http://i.imgur.com/yujLv.png

There was a GAP down between 3.30pm & 9.15am candle. We initiate short sell at the low price of 9.15am candle at price 264.55 The order got trigerred and further it down upto 263.40 The price thereafter didnt went further down and HIT SL 267.30

Strategy:

1). When SL is hit we have to wait for the price to close above/below the SL candle. Place Buy/Sell order on the High/Low price of that candle.

In this case the SL hit at 267.30 and the high price of the candle is 267.80 which i have marked in blue. The subsequent candle touched the high of 267.80 and closed at 268 and made high of 268.20

We place our buy order at 268.20 and and SL for this is 266.65 which is the initial GAP UP/DOWN.

The price made a high of 272.45 and closed at 270 for the day.

In any SL trade my intention is to see that the subsequent trade should take care of the losses and in such case my minimum recovery of loss is Rs.2.75 and if I get a rupee extra i will close that day with GREEN!!

1st Trade P/L : -2.75 (S: 264.55 - B 267.30)
2nd Trade P/L : 3.75 (B: 268.20 - S 271.95)

Nett: 1.00 (excluding brokerage)

Karthik

 

[dineshknp]

Before clarifying your question of above, I use Sharekhan (Trade Tiger) & Integrated (ODIN). I couldnt able to get the tick data from ODIN for TATASTEEL today and i referred to the Intraday data of Sharekhan. I have attached the chart of Tatasteel (15min) which I have taken today. I mostly (99.99%) rely on ODIN tick data as this will exactly match with the exchange data.

If you look at the chart attached the first candle ending with time 9.29 made a high of 379.25, Low of 375.30 and closed above ATP 377.10. Our trade got fullfilled in 10.29 and we are in trade with S/L 375.30 But the price didnt move further (made a high of 379.90) and finally SL hit at 14.29pm If u look at the SL candle the candle touch the ATP and closed below ATP and hitting our SL also. The SL candle made low of 375.10 and we initiate sell order at 375.10 with SL of 378.10. Our order got fulfilled in the next candle and remaining the price went below and touched 369.15 and closed at 369.60 thus giving us a profit of Rs.5.50/-

Just to summarise
1). The first trade P/L : -3.95
2). Second trade P/L : 5.50

Nett : 1.55 (excluding brokerage)

Karthik

http://i.imgur.com/dH9bc.jpg

Hi Karthik. want to clarify some points. After our trade meets startegy, i.e. 15 min candle touches ATP. we place stop loss order to enter the trade. when our trades get executed, we should immediately place target and sl order or wait for price to move?

 

[rangarajan]

One Stock that obeys implicitly ATP Strategy Everyday is Adanient.

 

[karthik_sri]

Hi Karthik. want to clarify some points. After our trade meets startegy, i.e. 15 min candle touches ATP. we place stop loss order to enter the trade. when our trades get executed, we should immediately place target and sl order or wait for price to move?

Ideally when the order is fullfilled/executed it is better to place target as sometimes the price will touch our target and go down and it will never turn back after that. SL also to be placed after looking into the price movement.

 

[jatinderdhawan]

One Stock that obeys implicitly ATP Strategy Everyday is Adanient.

Dear RR
Thanks for suggestion. Any other stocks with good probability other than adanient ?
Thanks

 

[rangarajan]

Dear RR
Thanks for suggestion. Any other stocks with good probability other than adanient ?
Thanks

Vipind(95% of times)